Citigroup increases substantial holding in Vulcan Energy Resources

Citigroup Global Markets Australia Pty Limited, along with its related entities, has increased its substantial holding in Vulcan Energy Resources Ltd, pushing its total voting power from 5.3233% to 6.6940%. This change represents an increase of 3,213,293 ordinary fully paid shares, bringing Citigroup's total votes to 15,692,644. The previous notice was given on November 19, with the latest change dated November 28.

The primary driver for this increased interest is Citigroup Global Markets Australia Pty Limited's acquisition of 128,571 ordinary fully paid shares through contracts entered into in the ordinary course of business, subject to a securities lending agreement. Additionally, Citigroup Global Markets Limited further increased its holdings by 3,108,232 ordinary fully paid shares under similar securities lending agreements.

Following these changes, Citigroup's present relevant interests include 739,521 ordinary fully paid shares held by Citibank, N.A. Sydney Branch acting as an agent lender, 499,576 ordinary fully paid shares by Citigroup Global Markets Australia Pty Limited, 2,090,415 ordinary fully paid shares by Citigroup Global Markets Inc, and 12,363,132 ordinary fully paid shares by Citigroup Global Markets Limited, all under various securities lending arrangements.